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tv   Jansing and Co.  MSNBC  December 27, 2012 7:00am-8:00am PST

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good morning, i'm richard lieui in for chris jansing. it doesn't look like they're in the mood to negotiate. president obama left hawaii early this morning, expected to land in washington next hour. senators will also be back, trying to craft a bill. we expect to hearing from him on the floor in moments. the house is still home. they'll hold a conference call with members today. to make matters worse, you say oh by the way, you'll hit the debt ceiling on monday. we also have ryan grimm. yeah, you. there you are.
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it looks like they're pointing -- >> and politicians, and so what we're sealing is -- for deficit reduction. and spend seg cuts off their shoulders, and make it inevitable, saying, you know what? it didn't just happen to them. they pass the sequester, which contained severe, rapid definite at this time reduction. it was almost inevitable, almost the moment they passed the sequester. >> to you, ryan, i was alluding to how both sides are saying
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different things. two members of the house said this last hour. we had one democrat and one republican. take a listen. >> i think there's still a chance to get something done. that's what happened in the budget deal, i think that's what will happen again. >> it seems like they could even say what will happen. at this point i'm going to side with pollsters saying it won't happen. boehner is at his weakest point ever. to push something through. doing that would weaken him even
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further. he still needs to be elected speaker on january 3rd. if you're boehner, you let this thing slide past january 3rd, getting yourself elected, and then do what you have to do. >> will he be stronger in. >> he won't be stronger. there will be about eight more democrats. >> really it's his caucus. >> but he'll be speaker again. if it does it, then you have a couple days to consider -- if he gets reelected and is speaker again, then it's much more trouble to unseed somebody who is already sitting there as the speaker than it is to stop him from running in the first place. >> if i could add to what ryan is saying, the only thing is he'll be proposing to his caucus a tax cut. everybody changes on january
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3rd. you're no longer talking about some people getting a tax increase. harry reid and john boehner for instance said -- the speaker saying the senate should take it up. harry reid is speaking on the floor. let's take a listen. >> because americans' taxes are approaching the wrong direction come the first of this year, americans will have less income than they have today. if we go over the cliff, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll give them 48 hours notice.
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i can't imagine their consciences where they are around the country and we're here trying to get something done. they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to do it with a teleconference. republican leadership. if we go over the cliff, we'll be left with the knowledge that could have been about a single vote. mr. speaker, prior to this session starting today, the presiding officer and i had a conversation about how things have changed around here. i served in the house of representatives. there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. everyone knows, including the speaker of the house of
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representatives today, that if they had brought up -- if the senate passed bill that would give release to everyone making less than 250,000, it would pass overwhelmingly. every democrat would vote for it and republicans would vote for it. but the speaker, he says no, we can't do that. it has to be a majority of the majority. so they've done nothing. he even tried to bring up the bill last week to show they could defeat it. they couldn't do that even. they couldn't defeat the bill that passed here in the senate. american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated by the dictatorship of the speaker s. without the majority of the house of representatives to get what they want. if the 250 would be brought up,
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it would past overwhelmingly, i repeat. on any given day. since july 25th, speaker boehner could have brought it to vote in the house and it would pass, but he's doing -- he has made the decision he's not going to let a vote on that. i've said here, mr. president, it's not too late for the speaker to take up the senate-passed bit, but that time is even winding down. today is thursday. he's going to get 48 hours notice to the house before they came bam, so 48 hours from the day is saturday. with just that one vote, middle-class families -- they would go up at least be $2200. some more, some less, of course.
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speaker boehner could call house members back today. he shouldn't have let them go, in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than keeping the nation on temple financial footing. it's obvious what's going on around here. he's waiting until january 3rd to get reelected as speaker before he gets serious with negotiations. he has so many people over there that won't following what he wants. that's obvious from the debacle that took place last week. it was a debacle. he made an offer to the president. the president came back. they're just a little bit apart. he walked away from that and went to plan b, which all it did is whack people who need help the most.
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poor people he couldn't even pass that. remember, he's not letting the house of representatives vote. he's letting the republicans vote. it was so bad and he was in such difficult shape there, he wouldn't even allow the vote to take place with the republicans, because he knew he would lose. for months he's allowed house republicans to hold hostage to protect the richest 2%. the funny part about that, mr. president, the 2% don't even want to be protected. the majority of rich people on our great country are willing to pay more. the only people that disagree are republicans who work in this building. the speaker just has a few days left to change his mind, but i have to be honest, mr. president, i don't know timewise how it can happen now.
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everyone knows we can't bring up anything here, unless we do it by unanimous consent, because the rules have been so worked the last few years we can't do anything without 60 votes. senate majority leader harry reid being consistent with statements he released earlier, saying it is up to the house to take up the senate bills. on the flip side, house speaker john boehner is saying the house has passed two bills, passed it over to the senate, that they need to consider those two bills and then push it back to either the house for approval or push it forward to the president to sign. that's where we're at today. we expect them both to continue to be saying that. let's bring in now senator richard blumenthal, democrat from connecticut. we were just listening together, senator, to harry reid. we are hearing that he is working on another way. what are you hearing? >> well, what i'm hearing is
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exactly what he just said on the floor of the united states senate, which is our common ground as a nation is to extend tax cuts for everyone with the threshold income of 200,000. that means tax cut extensions up to 250,000, so the vast majority of americans see a benefit. keeping faith with the middle class of america is common ground among democrats and republicans. what is needed now is a compromise that permits the house to go forward. >> so, senator, is senator harry reid working on a different possibility, a different bill than what was just mentioned, the 250,000 that you were also reiterating? >> the majority leader will have to speak for himself on what his
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negotiations are, but i think from where the end game is in the short term, avoiding the fiscal cliff, everybody agrees has to happen. let's put aside the brings manship and gamesmanship that seems to prevail in the house of representatives, and give the house a vote. they should be here right now. we're all here in the senate. why isn't the house here? >> what are you seeing, just returning from your district, from your state, when you look at how this issue is being discussed in papers across the country, it's not a headline. more often than not it's not even on the front page. on the flip side, people are saying where is the urgency? why isn't congress doing something about this and coming together? >> i know you've used the term sense of urgency, but i think people want common sense and that's common ground. there will be a sense of urgency if we fail to avoid the fiscal cliff, go over it and the
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markets react badly to it. right now people want us to come together in a bipartisan way. the absolute has to be bipartisan in the house. we've seen that in the last week. not even plan b, which is an unreasonable alternative to the too,000 threshold was able to garner a majority in the house of representatives. the speaker can't sell it to his own party, so i think he has to craft a bipartisan solution one way or the other, put aside the politics here. the nation's economic will suffer. >> should it come from the senate or from the house? >> i don't think it matters where it originates, but the point is the senate has already passed a bill that represents a reasonable compromise. extend the 250 -- the tax cuts for all incomes up to $250,000, and everybody would benefit on that first $250,000 of income.
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that it not only protects the middle class against huge tax increases on january 1, but also benefits many americans making more than 1250,000, because they will see the tax cut extended on their first $250,000 in income. when we are recovering all too fragily, all too slowly, we should make that tax cut permanent. >> senator blumenthal, thank you so much for your time today. >> thank you. joe ann reed as well as ryan grimm are still with us. joann, you heard what was said, very consistent with the statement he had released overnight, but we have to add to this. there's more complexity, but tim geithner coming out with that letter, we're going to reach that debt limits on monday, he wrote this -- although he can move some money from one pocket to another, you know, basically creating $200 billion in head
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room, he says this -- under normal circumstances, that amount of head room would last approximately two months. however, given the significant uncertainty that now exists with regard to unresolved tax and spending policies for 2013, it is not policy to predict the effective duration of these measures. add that to the complexity, we knew this was going to happen. we were also looking at it as more of a january/february nuance. >> the fact that we're reaching the debt ceiling at the same time as we're going over the fiscal cliff, it adds pressure on the markets. rights now the markets are pretty calm, because i do believe they priced in the idea we're going to go over the fiscal cliff. but i think what is important is what harry reid said, there's a bill you could pass in the house, for the house to pass the senate bill is quickest. you can't do it because you have all the democrats and nancy pelosi can whip her caucus, she
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maas lie one or two, and then you need about 30 republicans, but boehner -- >> arguing the senate bill is more partisbipartisan. >> it means only 2% of people would pay the 39% tax rate on everything above 250, right? but you reason he won't even try to pass that bill, is because he doesn't want the optics with the bill being passed with mostly democrats. bainers wants it a majority of the majorities, that that will be mostly republicans passing it. that's impossible, because republicans, you can't even get 10 or 20 of them to agree on anything they think is a tax hike. so you have a stalemate of boehner's over design. ryan, to you, please responds to what joann said. a year ago, did you think -- yeah, we knew this was going to
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happen, did you think it would be this situation just days before the new years? if so are we going to have another fiscal cliff or a bunch that come to fruition here where we never see really a solution? >> well, it was very clear from the time that the super commit ee set its deadlines and the fact that the bush tax cuts were expiring, all this stuff was coming together. we saw this coming at least a year and a half away. it wasn't entirely clear whether or not they could come to some type of agreement, but it was quite possibly they wouldn't. there ought to be a new rule in congress that, look, you cannot create any more artificial crises if you can't actually resolve them. it's not fair to people to go and, you know, create all this panic if you can't save, you know, the situation.
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democrats are in a better spot after january 1st. everyone has known that. republicans have predicted, democrats have predicted it, they're going to pass 250, boehner will be reelected speaker, then he has to figure out how to rule the next two years. ryan, joann, thanks for being with us. we'll be right back.
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the financial impact of washington's decision on tax cuts is fueling a broader discussion on what it means for income inequality. according to reuters, economic inequality is on the rise in 49 of the 50 states across the country, mississippi the only state. that includes the nation's capital, people are not 20, 50
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to 60 and over 100,000 per year. this is from two decades ago. those are the 1 hundred,000 or higher grew the most. academic inequality is also climbing. in massachusetts as an example, over the past two decades, the number of higher degrees rose 9%. in the middle fifth of households, that went up 14. in the top quartile, 22% of folks there were able to gain degrees. joining me via skype is david rhode. an extensive series about inequal in the u.s., also a two-time pulitzer prizewinner. thanks for being with us today. first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income
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inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't want to be partisan about this. one factor that can help is tax policy, but the broader issue is jobs. people at the top are earning much more than they ever have. >> talks to that point about tax policy, the numbers out there, is it 250,000? is it 400,000? what is the threshold that would help to flatten this issue of income inquaet, be more progressive, perhaps? >> i think it would help to, at
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the top, to increase the rates. i think there's a need for training. we looked at two states along with washed. we looked at massachusetts and indiana. it's a skills economy. the manufacturing jobs where a high school graduate could sort of get a debt well-pays jobs don't existian more. that's because manufacturing has disappeared in new england. yes at the top, people with great skills for some of the universities are earning more than ever. so i think more investment in training and education would help. >> what about the number, 250, 400 or 1 million in terms of where that threshold will be, where taxes will be raised? >> i think that all those numbers matters, but the important thing about the fiscal cliff is there will be a big increase, the payroll deduction will hit all families, middle class, working family. >> the 2%. >> yes. the unemployment extension will end. there's a tremendous amount of
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taxes that will go on lower income and middle-income americans if it goes into effect. >> let me ask you this, though. in that idea that you've just been describing, then, should middle-class tax rates also be cut? >> i think that would help -- well, we need to reach a consensus. what we saw was sort of policy pa razz. in indiana, they privatized their system, a republican idea that you need to create more incentives. to be frank, it didn't work. in massachusetts the idea was improving education, that's a liberal idea. and that didn't quite work, either. massachusetts has the best educated workforce in the country, but it had the 37th biggest growth in jobs. so you need policy consensus, some tax reduction, some investment and education, and some tax breaks that will help sort of states specialize in different industries and attract
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them. >> let's end where we started. some criticisms coming out from ips saying the president has left some things on the table here. the estate taxes one of those that they bring to bear here. they also talk about hedge fund managers specifically being ability to get favorable tax rates there, too. how has the administration done with this? >> it's sort of paralysis on this issue. you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing
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very very well at the top. we're not addressing fundamental changes in the economy. we're using these old political paradimes and we're stuck. our data sort of showed this. old ideas sort of improve, and -- we've got to think outside of the box. >> thank you, david rohde, for your perspective today. >> thank you. the weather is being blamed for 12 deaths after dumping record snow in arkansas. the heaviest snowfall is expected in northern pennsylvania, upstate new york and new england. thousands of travelers have already been stranded at and i want across the country. time for the your bess entrepreneur of the week. they started north carolina-based footsteps clothing which had a booming christmas themed pajama line. they added other holidays and eventually expanded to products that celebrate family life.
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for more watch "your business" on sunday mornings on msnbc. irping ]hon
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[ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit the fact that english officials went around invading people's privacy the negotiations continue. we take you now to the senate floor we are hearing vis-a-vis those discussions that the white house communication director tweeting this -- president obama spoke to all forecongressional
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leaders yesterday before departing for washington, d.c. we'll continue to watch the discussions happening in the beltway. and as the president makes his way back to washington, d.c. some recent development have put a twist on that. overnight we heard that brian chats will be the new senator replacing longtime senator daniel inouye. tim scott cause picked to replace retiring senator demint. and one that still needs to be decided t. massachusetts will have a special especs to replace john kerry. actor ben affleck is no longer in the mix. he took his name out of the running there.
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a busy day, given it's a thursday as we watched the senate get back to work and hopefully cobble something together. brian schatz will be sworn in today. he tweeted just had a nice conversation brief chat with the president this morning. was schatz the best choice? >> it seems like it. he's very family to hawaiians, and most importantly he's a democrat. clearly in the context of senator unoway's passing, it seems only appropriate. he's going to support the president's 'enda, one would think as a united states senator, you would be reporting the agenda of your constituents, which may be in line with the president -- i'm not trying to say it's not, but my point is it
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seems appropriate. all threw of us you are aware of what inouye had asked. he asked the governor of hawaii name colleen hanabusa to be his successor. there was plenty of response, some outrage from politicos in hawaii about this. in fact she would have been only the third minority woman in the senate history. >> well, i think, you know, it's the governor's decision to make and i can't second-guess his decision. the interesting thing to watch is with the new younger senators. is are they going to change the way the senate operates? we're watching this week, you know, a lot of dysfunction trying to deal with very big issues. in both houses of congress, if we get through this fiscal cliff and get to january, people will rightfully ask is there a better way to do this?
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since we seem to have a majority in both chambers that would like to solve the problem, but procedurally we're not getting to an answer. >> soon to be senator tim scott takes the oath next week, the only african-american senator, it highlights an interesting dichotomy. republicans have more minorities in the senate than democrats, while the party itself struggles with minority voters. >> i think you hit the nail on the head. clearly the republicans are having a major problem reaching out not just to people of color, but to women and so forth. i think what the republican party is trying to do is say, you know what? we have to do a better job. tim scott is a conservative from south carolina and also he's a earl if legislator in terms of being in the house of representatives, so it's perfect sense for him to go to the senate. we also see to a certain degree the first latino from texas, ted cruz, coming into the senate as
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well. so no question the republican party has listened to the american people and they're trying to do a better job to reach out to people of color, most importantly trying to put people of color in positions of thofrt. >> at least when it comes to elected. steve, massachusetts will also have a special election most likely in spring after john kerry's expected confirmation. and scott brown with a command been lead in a lot of the polls. can any democrat give him a run for his money? >> i think so. i think several members have talked about running. it's a very democratic state. i think the republican party brand is at an all-time low. by the time we get to the special election in march or april, it will probably be lower based on the performance this week, so i think we'll have a real good shot. the white house and party are going to commit to do whatever they can to make sure we're
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competitive. >> can i respond quickly? >> very quickly. >> scott brown is a different kind of republican, very moderate. most massachusetts individuals really like him a lot. his only downfall is he was running for reelection in a heavy presidential year. a major turning point for the housing market. we'll have that next.
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president george h.w. bush is in guarded condition. a family spokesman says his doctors are cautiously optimistic. he's alert, talking with his family, but a few setbacks have kept him in the hospital, including a persistent fever. it looks like 2012 will go down as a major turning point for the housing market. jackie, this could be the first yearly gain for home prices
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since the housing bubble. some good news? >> that's right. good morning, richard. there's no doubt the housing market has had a rough ride, but yesterday's 20-city index show that prices in october rose by 4.3%, also showed since jane war prices are up 6.9% just this year, the largest gain since 2005. the numbers also put the housing market on track to mark the first gain since 2006. many analysts look to housing as the foundation, no pun intended, for the health of the broader economy. the school of thought is housing has to show signs of life before the economy can really improve. let's move on to toyota. they're making headlines today. >> is that right. toyota has agreed to pay more than a billion over claims of sudden acceleration and brake problems in some of its vehicles. roughly 16 million toyota, electric you realilexus and sci
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are covered in the suit. believe it or not, it will not hurt the sales. toyota is expecting to sell over 9 million cars this year, up 22% over last year. >> jackie deangelis, thank you. hollywood said a few records in theaters on christmas day. "jack reacher" number 4 "parental guidance" number 3 "the hobbit" number twon django unchained" and number one, "lesmis" made $18 million.
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making news this morning,
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nelson mandela back at home this morning after being discharged where the hospital. the 94-year-old nobel peace prize laureate has been hospitalized and treated for a lung infession and underwent surgery to remove gallstone. russian president putin says he will sign a bill banning americans from adopting russian children. the bill is part of a larger measure aimed at retaliating against a recently signed u.s. law calling for sanctions against russians deemed guilty of human rights violations. russia has been the single biggest sort of adopted children by u.s. families. emergency contraceptives will remain part of the federal health care law. -- and similar contraceptive bills from acquired health care plans. two companies sued the government.
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if you've been to an aquarium, a question may have crossed your mind, what if the glass shattered? it happened last, it burt right there. that poor person, showering crowds will live sharks and sharding of glass. 16 people were hurt and three lemon sharks, dozens of turtles and lots of fish were killed. the 13 to watch in 2013. politico has a new list out. we'll talk about a rising star and hollywood celebrity that made that list. that's coming up in about five. the death toll from a powerful storm has now climbed to 12 at the airports nearly 3,000 flights have been canceled tuesday tuesday. weather channel meteorologist
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mike seidel is live near buffalo. it looks like the snow has subsided a wee bit? >> reporter: it has in upstate new york, richard. roads in great shape. they don't mess around up here. the new york state thruway will take it down toward the city and toward the mass pike. it's very wet, but the slush is gone. they treated, they plowed and they've been out with a full complement of trucks. buffalo had only had 6 inches of snow until yesterday, but now they have picked up 11 inches. right here on this cornest lath night, look at the wind and snow. man, it was good stuff. it was about 24 degrees, not to cold, a powdery snow, snowing at over an inch an hour. now we go to torington, connecticut. the suburbs had some snow, and this morning of all things, thunderstorms rolled through new york city.
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out there they had about 4, 5, 6 inches there in the hills of connecticut. you can see that white, that massive white in new england across the ski resorts, some of those spots would end up with a storm total of 12 to 18 inches, richard. this storm pulls out. it's had a checkered past, luckily, a christmas miracle, no one was killed, but we have another one for the weekend. this will be a weaker system, zip on through saturday. we're still getting our markers, some areas like philly, maybe new york, maybe a couple inches of snow on saturday. we'll see how it pans out. back to you. >> you have the perfect job. all that snow, and you are calling it, man, is that good stuff! >> reporter: yes! >> easy. all right. >> just for you, snow angels, mike seidel, weather channel,
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having way too much fun. dave weigel tweets -- enjoy your fiscal cliff, everybody. okay, we admit we're a wee bit jealous. ite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at [ laughs ] hey!
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politico's list of 13 people to watch in politician for 2013. let's get the scoop from anna palmer. i want to start with the mayor of newark, new jersey, cory booker. some folks have called him a super mayor. >> well, he certainly has made for himself a name on twitter, rescuing a woman from a building on fire. he is looking at a 2014 senatorial bid, and someone we'll be watching to come.
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>> in addition to him, the husband of gabby giffords also made the list. why did politico include mark kelly, the astronaut? >> he's going to be particularly interesting to watch as the gun debate heats up following the christmas break. he is the husband of gabby giffords, former representative who herself was a victim of a mass shooting. he's been a really vocal spokesman on this issue for gun control. they also started interestingly enough a political action committee where they're going to raise funds to support candidates who are on their political wavelengths. he says he will not run. he has not counted out a railings all together. >> we go back to the democratic convention. this is an individual that really did shine. we're talking about san antonio mayor julian castro here. >> absolutely. he is somebody who hit the
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stage, was the first latino to have a primetime spot at the convention. since then he's focused on san antonio, his role as mayor, but interestingly enough has a 2014 memoir coming out. we know how that has played out for politicians liking to vault themselves onto the national stage. paul ryan, what do we expect from him in 2013? >> obviously not where he would want to be, back in the house of representatives, not in the west wing helping to lead the country, but he's not going to fall back into the shadows. he's already continued to prove himself on the fiscal cliff as a key negotiator as somebody who john boehner is talking to -- >> ashley judd? >> what would this list be without star-studded powder. ashley judd is one that a lot of democrats are hoping could run against senate minority leader
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for mitch mcconnell. she's a main power, a fund-raising machine and eighth-generation kentuckyian who could take on mcconnell in his own state. >> probably watching that state today. a business kentucky fan. for all the 13 to watch, we're putting a link to the article on our website. log-on. that's there as well as a whole lot more. thomas roberts is up next. thomas, good to see you, i see it's a gray suit day. >> i got the memo. next hour getting your driving gear ready. the ping-pong game continuing. senate majority leader harry reid blasting house speak john boehner moments ago for being m.i.a. from the capitol. there's new word the president has called all forecongressional leaders, hose thousands phone
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calls went. me the reverend al sharpton is teaming up with the commissioner ray kelly to push for an assault weapons ban. this is the talk over arming teachers or at least armed guards in schools has picked up -- we're talking about one mayor e south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve.
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. phi dav that is it to go before congress neither to reach a deal. however, harry reid just gave a grim prognosis, as he took the floor. >> the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them he'll give them 48 hours' notice. i can't imagine their consciences -- the american people i don't think understand the house of representatives is operating without the


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